Economics 3.4A Achievement Standard Economics 91402: Demonstrate understanding of government interventions to correct market failures Rosie Jewitt 1. What is market failure? 2. What is the issue to be addressed? Why is this market failure? 3. What are the options of how to address the issue? And what is the good and bad 4. Which is the best option? 1. Introduction - What is market failure Government intervention occurs when markets are not working optimally i.e. there is a Pareto sub-optimal
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ECONOMICS HIGHER 1 (Syllabus 8819) CONTENTS Page AIMS 1 ASSESSMENT OBJECTIVES 1 SYLLABUS CONTENT 2 ASSESSMENT FORMAT 7 NOTES OF GUIDANCE 8 RECOMMENDED READING 20 8819 H1 ECONOMICS (2014) ECONOMICS HIGHER 1 (Syllabus 8819) FIRST YEAR OF EXAMINATION 2009 AIMS The syllabus is intended to provide the basis for a broad understanding of economics. Specifically‚ the syllabus aims to develop in candidates: 1. an understanding of fundamental economic
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Job Evaluation Methods There are three basic methods of job evaluation: (1) ranking‚ (2) classification‚ (3) factor comparison. While many variations of these methods exist in practice‚ the three basic approaches are described here. Ranking Method Perhaps the simplest method of job evaluation is the ranking method. According to this method‚ jobs are arranged from highest to lowest‚ in order of their value or merit to the organization. Jobs also can be arranged according to the relative difficulty
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Economic Conditions in Hong Kong Unemployment went from 2.5% in 1997 to over 6% in 1999 GDP fell to historic low of minus 5.1% in 1998‚ with slight improvement to 0.7% in 2nd qtr. of 1999. Property sector was dominant growth driver in Hong Kong‚ over 65% of stock market valuation and 50% of bank lending. Tourism was only 4% of economy activity in 1998 and 1999. Gov’t. hoped to diversify with a tourist attraction. $104B to territory from tourism in 1996‚ dropped to $55B in mid-1997. The Walt
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Shelton (hero in this movie) doesn’t get justice and he makes a decision to take matters into his own hands. He’s doing what he thinks is right‚ what he thinks is honorable. In short the Plea-negotiation has the benefits and demerits but there is a need to consider these demerits‚ if we want to improve the judicial justice system as if it is not addressed properly than there can happen a very dangerous situation. 1.1 THE FILM – PLOT Clyde Shelton is an upstanding family man whose wife
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Atmosphere Weather Cloud Rain Acid Rain Minerals Rock (Mineral) Mineral Deposit Lava Solar and Lunar Eclipses Day and Night and their variation Energy Sources and Resources of Energy Energy conservation Ceramics Plastics Semiconductors Radio Television Telephones Page No. 3 3 4 5 5 7 7 7 8 9 12 13 14 17 17 19 20 22 23 23 23 24 24 24 25 25 30 30 29. 30. 31. 32. 33. 34. 35. 36. 37. 38. 39. 40. 41. 42. 43. 44. 45. 46. 47. 48. 49. 50. 51. 52. 53. 54. 55. 56. Topic Page No. Camera 31 Lasers 31 Microscopes
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now commonplace. What do you think are the main advantages anddisadvantages of this development? Nowadays‚ products of hi-tech like a Mp3 or DVD-players become to be parts of the humans’ life. In my opinion‚ these technologies have merits and demerits. People use these modern techniques everywhere and any time because they are portable‚ compact and may contain a lot of info compared with diskets or tape recording. For example‚ we can take Mp3 or DVD-players with us during the travelling or going
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Comment that the sonnet 130 of Shakespeare is an unconventional poem. Most of the sonnet sequences in Elizabethan England were modelled after that of Petrarch. Petrarch’s famous sonnet sequence was written as a series of love poems to an idealized and idolized mistress‚ Laura. In those sonnets Petrarch praises her beauty‚ her worth‚ and her perfection. He has used an extraordinary variety of metaphors‚ largely based on natural beauties. But in Shakespeare’s day these metaphors had already become
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when they want to brake it would be less likely you will be able too‚ just in time before an accident can be occur. When you make a speeding offence‚ punishments are always required‚ punishments like losing your licences‚ speeding tickets/fines and demerit points are taken off. To decrease the number of speeding accidents‚ people need to take their time and control there road rage and look out for signs that shows what speed you should be driving. Imagine that one bad decision you made that took away
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“Case Study? ------ its origin‚ aims‚ advantages & methods” History or Origin of Case Study The origin of case study method is attributed to lawyers at Harvard University. The Harvard University Graduate School of Business Administration thereafter did substantial path-breaking work of introducing case-study method of teaching management education. This technique has been on the curriculum of that institution for almost seven decades. Indian Scenario The Administrative Staff College‚ Hyderabad
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